About Progcap
Progcap is a company based in Delhi (India) founded in 2017 by Himanshu Chandra and Pallavi Shrivastava.. Progcap has raised $111.32 million across 9 funding rounds from investors including Google, AXIS Capital and The World Bank. Progcap offers products and services including Progcap App and TALLY Integration. Progcap operates in a competitive market with competitors including C2FO, Krab, financejunction, CapitalWorkz and NioCapital, among others.
- Headquarter Delhi, India
- Founders Himanshu Chandra, Pallavi Shrivastava
- Stage Minicorn
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Desiderata Impact Ventures Private Limited
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$12.26 M (USD)0as on Mar 31, 2023
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Net Profit
$-5.86 M (USD)0as on Mar 31, 2023
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EBITDA
$-8.79 M (USD)0as on Mar 31, 2023
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Total Equity Funding
$111.32 M (USD)
in 9 rounds
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Latest Funding Round
$132.13 K (USD), Series C
Nov 09, 2023
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Investors
Google
& 26 more
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Employee Count
Employee Count
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Products & Services of Progcap
Progcap offers a comprehensive portfolio of products and services, including Progcap App and TALLY Integration. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Mobile app for SMBs to manage credit and payments
Tool for integrating accounting with financial services
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Funding Insights of Progcap
Progcap has successfully raised a total of $111.32M across 9 strategic funding rounds. The most recent funding activity was a Series C round of $132.13 thousand completed in November 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 9
- Last Round Series C — $132,127
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First Round
First Round
(30 Aug 2018)
- Investors Count 27
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2023 | Amount | Series C - Progcap | Valuation | Stride Ventures |
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| Jun, 2022 | Amount | Series C - Progcap | Valuation | Creation Investments , Tiger Global Management | |
| Sep, 2021 | Amount | Series C - Progcap | Valuation | Tiger Global Management , Creation Investments |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Progcap
Progcap has secured backing from 27 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Google, AXIS Capital and The World Bank. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture debt is provided to growth-stage companies for business scaling.
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Founded Year | Domain | Location | |
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Impact investing in emerging markets through private equity and credit services.
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Founded Year | Domain | Location | |
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Venture and private equity investments are managed with global diversification.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Progcap
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Progcap
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Progcap Comparisons
Competitors of Progcap
Progcap operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as C2FO, Krab, financejunction, CapitalWorkz and NioCapital, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of cash flow optimization and dynamic discounting solutions for businesses and vendors
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| domain | founded_year | HQ Location |
Provider of transportation management software
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| domain | founded_year | HQ Location |
Supply chain financing solutions are offered online to sales networks.
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| domain | founded_year | HQ Location |
Operates an online platform for business loans.
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| domain | founded_year | HQ Location |
Operates a digital marketplace for working capital loans to businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Progcap
Frequently Asked Questions about Progcap
When was Progcap founded?
Progcap was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is Progcap located?
Progcap is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Is Progcap a funded company?
Progcap is a funded company, having raised a total of $111.32M across 9 funding rounds to date. The company's 1st funding round was a Series C of $30M, raised on Aug 30, 2018.
What is the annual revenue of Progcap?
Annual revenue of Progcap is $12.26M as on Mar 31, 2023.
What does Progcap do?
Progcap was established in 2017 in Delhi, India, as a provider of financial and technology solutions targeted at small and medium enterprises. Supply chains are digitized to enable finance access for last-mile retailers. Credit facilities, payment processing, and business management tools are offered to support customer operations within the fintech sector.
Who are the top competitors of Progcap?
Progcap's top competitors include C2FO, financejunction and Krab.
What products or services does Progcap offer?
Progcap offers Progcap App and TALLY Integration.
Who are Progcap's investors?
Progcap has 27 investors. Key investors include Google, AXIS Capital, The World Bank, Peak XV Partners, and Z Nation Lab.
What is Progcap's valuation?
The valuation of Progcap is $600M as of Nov 2023.
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